Goodbye Aer Lingus

end of the road · 26-05-2015 8:56pm

cml387 wrote: »

Surely if we do sell the 25% stake and get some dosh for tax cuts, is that not a good thing?

no as there will be no tax cuts. tax cuts will be announced, delivered and then another charge will be brought in negating them.

cml387 wrote: »

Some payback for the years we pumped money into what was then (in the past in fairness) an airline run for the benefit of the staff and high roller passengers who could afford the bloated fare.

what "payback" it was never run for the staff. and what is wrong with people being able to afford things. its not their fault you couldn't afford the fare, there was the boat anyway which IMO offers a much more pleasant trip.

end of the road · 26-05-2015 8:58pm

Graham wrote: »

Why?

to ensure a state alternative exists to protect and ensure there is a long term service in place regardless of commercial or other issues.

Graham · 26-05-2015 8:58pm

end of the road wrote: »

no as there will be no tax cuts. tax cuts will be announced, delivered and then another charge will be brought in negating them.

Good, sounds like a good route to a balanced budget.

end of the road wrote: »

what "payback" it was never run for the staff. and what is wrong with people being able to afford things. its not their fault you couldn't afford the fare, there was the boat anyway which IMO offers a much more pleasant trip.

Ahh the good old days again, that'll be £500 to London please. Can't afford to see your family when you're working in the UK? That's your fault because you can't afford the fare, get the boat.

Graham · 26-05-2015 9:00pm

end of the road wrote: »

to ensure a state alternative exists to protect and ensure there is a long term service in place regardless of commercial or other issues.

You still haven't explained what it is your protecting apart from "The Slots" and I'm still looking to see your explanation as to why "The Slots" should be protected.

cml387 · 26-05-2015 9:01pm

end of the road wrote: »

what "payback" it was never run for the staff. and what is wrong with people being able to afford things. its not their fault you couldn't afford the fare, there was the boat anyway which IMO offers a much more pleasant trip.

Rich people can get the plane. Poor people can take the boat.

An odd opinion from a champion of state run industries. Taxpayers pay for the superior method of transport for the rich?

BoJack Horseman · 26-05-2015 9:04pm

€1.4bn..... Not too shabby.

It places Aer Lingus as having a value @ 35% of the value of Ryanair.... Seeing as Ryanair is one of the biggest in the world, that's a great price for EI.

BoJack Horseman · 26-05-2015 9:05pm

cml387 wrote: »

Rich people can get the plane. Poor people can take the boat.

An odd opinion from a champion of state run industries. Taxpayers pay for the superior method of transport for the rich?

Champagne socialist.

Sure why can't my ticket to Rome come out of general taxation anyway?

Sheldons Brain · 26-05-2015 9:06pm

Marriage and Aer Lingus sold out in the same week!

northknife · 26-05-2015 9:07pm

In a few years time, I sense that there will be very little trans Atlantic flights from Ireland and it will all be connecting flights from the U.K.

eeepaulo · 26-05-2015 9:07pm

Why do rte keep calling it the government's stake.

cml387 · 26-05-2015 9:08pm

eeepaulo wrote: »

Why do rte keep calling it the government's stake.

Er, because that's what it is?

mikeym · 26-05-2015 9:08pm

And what will the Government do with the extra coffers??

BoJack Horseman · 26-05-2015 9:08pm

northknife wrote: »

In a few years time, I sense that there will be very little trans Atlantic flights from Ireland and it will all be connecting flights from the U.K.

Transatlantic traffic is only going up.

Having the only US customs point outside of American soil sees to that.

Graham · 26-05-2015 9:09pm

mikeym wrote: »

And what will the Government do with the extra coffers??

From the Indo:

Earlier this evening, a senior Government source said the proceeds from the sale of the 25.1pc shareholding will be used for investment purposes and not to pay off national debt.

end of the road · 26-05-2015 9:10pm

cml387 wrote: »

Some services yes. But private competition has already entered the aviation industry in Ireland with tremendous success and is has a harp on the tail.

Luckily for us the EU forced the government to stop subsidizing Aer Lingus, and it has been of benefit to Aer Lingus as well.

debatible. the EU forced us to stop subsidizing them because of the EU's own reasons and the EU'S own state operators that may still exist and not due to "competition" reasons

eeepaulo · 26-05-2015 9:11pm

cml387 wrote: »

Er, because that's what it is?

Is it irelands stake?

cml387 · 26-05-2015 9:11pm

BoJack Horseman wrote: »

Transatlantic traffic is only going up.

Having the only US customs point outside of American soil sees to that.

BA already have a service that flies from LCY to Shannon, where they preclear US immigration and go on to JFK.

Graham · 26-05-2015 9:12pm

end of the road wrote: »

debatible. the EU forced us to stop subsidizing them because of the EU's own reasons and the EU'S own state operators that may still exist and not due to "competition" reasons

That doesn't really make any sense but whatever it was that stopped the subsidies gets my vote.

end of the road · 26-05-2015 9:14pm

cml387 wrote: »

The requirements that changed was competition from Ryanair. You really do seem to be tilting at windmills here.

wrong. the requirements that change were the technology and types of aircraft that were being built that allowed less costly operation, and other inventions that made air fares cheeper. air travel was becoming cheeper anyway in general, its just all those things coupled together meant ryanair was able to take advantage.

Massimo Cassagrande · 26-05-2015 9:15pm

end of the road wrote: »

thats what had to be payed to make the flights viable.

Cobblers. Ryanair came in and prices were slashed overnight. They had a cosy monopoly, simple as, and they rode it hard. £300.00 for a flight to the UK?? That kept their buddies on the Board in cream, and feck the flying public. So feck Air Lingus now. I hope AIG asset strip it and throw the bones in the bin. Be little loss.

cml387 · 26-05-2015 9:15pm

eeepaulo wrote: »

Is it irelands stake?

The government of Ireland. The taxpayer. You and me. We own 25% of Aer Lingus.

end of the road wrote: »

debatible. the EU forced us to stop subsidizing them because of the EU's own reasons and the EU'S own state operators that may still exist and not due to "competition" reasons

I have no idea what you're talking about.

Elmo · 26-05-2015 9:18pm

Massimo Cassagrande wrote: »

Cobblers. Ryanair came in and prices were slashed overnight. They had a cosy monopoly, simple as, and they rode it hard. £300.00 for a flight to the UK?? That kept their buddies on the Board in cream, and feck the flying public. So feck Air Lingus now. I hope AIG asset strip it and throw the bones in the bin. Be little loss.

Ryanair were in trouble before they started being a low fares airline AFAIK

Massimo Cassagrande · 26-05-2015 9:18pm

Ryanair is more of an Irish company imo, and they're flying - long may they continue. They could have sold to Ryanair, but ohh, no. How dare the upstarts bid on the old family silver. Well the silvers sold now, and they didn't opt for the "Irish" Ryanair bid, so I care less what they do it now tbh. They'll strip out the valuable Heathrow slots and quietly phase out the shamrock -and so be it.

end of the road · 26-05-2015 9:20pm

cml387 wrote: »

How did this "low cost market" come about? How did the "technology change" and what drove the "technology change".

more people choosing to fly, the growth in long haul business and business links, inventions that meant aircraft became more advanced and cheeper to run.

cml387 · 26-05-2015 9:21pm

end of the road wrote: »

wrong. the requirements that change were the technology and types of aircraft that were being built that allowed less costly operation, and other inventions that made air fares cheeper. air travel was becoming cheeper anyway in general, its just all those things coupled together meant ryanair was able to take advantage.

You originally said that Ryanair competition helped, but you edited the post to remove that bit.

end of the road · 26-05-2015 9:23pm

Graham wrote: »

Good, sounds like a good route to a balanced budget.

not good at all when you can't afford to pay the new charge on top of the all ready existing charges you can't afford.

Graham wrote: »

Ahh the good old days again, that'll be £500 to London please. Can't afford to see your family when you're working in the UK? That's your fault because you can't afford the fare, get the boat.

whats wrong with the boat. yes it takes time but sometimes people need to stop rushing everywhere and relax.

awec · 26-05-2015 9:24pm

Duck Soup wrote: »

If it makes you lots of money, keep it. Why the fug sell?

It doesn't make a lot of money.

Aer Lingus Plc only made 72 million in 2014. The government only owned 25% of it.

It only made the government ~ 18 million a year. That is pennies in government terms.

Selling for 335 million means the government are getting about 18 years worth of 2014 profit levels.

Good deal.

eeepaulo · 26-05-2015 9:25pm

They will be putting the money into an infrastructure fund, maybe water.

end of the road · 26-05-2015 9:26pm

Graham wrote: »

From the Indo:

which means (as its FG and the indo) it will be used to pay off the national debt.

end of the road · 26-05-2015 9:28pm

Graham wrote: »

That doesn't really make any sense but whatever it was that stopped the subsidies gets my vote.

why. whats wrong with subsidizing things. do you have a problem with subsidizing things in general

Goodbye Aer Lingus

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